HCMC has been positioned as the cornerstone of Vietnam’s ambition to become a global financial center, driven by its strong economic performance and strategic advantages. Vietnam is making a bold push to establish itself as a major player in the global financial market, with HCMC and Danang City leading the charge. Grounded in robust economic stability and dynamic growth, this initiative is expected to significantly influence the country’s development trajectory. Last week, the Government unveiled an ambitious plan to elevate Vietnam’s economic standing, designating HCMC as a comprehensive international financial center and Danang City as a regional hub. Guided by Politburo Notice No. 47, issued on November 15, 2024, the plan underscores Vietnam’s determination to strengthen its global presence. A strategic imperative Prime Minister Pham Minh Chinh presided over a formal meeting in HCMC on January 4 to announce the plan, as outlined in Government Resolution No. 259, issued in December 2024. The resolution aims to build a sophisticated financial ecosystem and attract substantial foreign investment. The Government views a strong financial sector as a strategic imperative, recognizing its critical role in driving economic growth and advancing national development. Speaking at the event, PM Chinh emphasized the importance of increasing […]
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